You Would Think I Like This
I am just impossible to please I guess! Either I am whining about a position that went the other way of my trade or I get nervous looking at this updated chart of my buy FURX (click for larger view):
After today I am now up a touch over 14% on this trade. Another huge candle and buy volume once again was very large.
So what's my problem?
When large moves up happen on higher than normal volume, but spread out and longer duration, that usually means someone knows something, usually good. Heavy duty accumulation and big price swings near term usually mean someone THINKS they know something and that is a bit more dangerous. This spot just got hard to get away from!
Belarus in the News
I know, Belarus is not a concern save that of the nuts and Zero Hedge readers. In any case, I feel it is important, so stop on by and take a look:
Welcome To Hyperinflation Hell: Following Currency Devaluation, Belarus Economy Implodes, Sets Blueprint For Developed World Future
Headline is a bit over the top, but the content is excellent.
Have a good night.
